Seneca Niagara Begins $40 Million Casino Beautification, Still No Payments to Cash-Strapped City

The Seneca Nation has announced it’s going to begin work for a $40 million makeover of the Seneca Niagara Resort & Casino in the town of Niagara Falls, since it continues to withhold revenue-share payments to the State of ny and communities that are local.

The Seneca Niagara Resort & Casino has announced its big revamp, but meanwhile the standoff between the Seneca Nation and the State of New York shows no signs of progress, and the communities that host the tribe’s gambling enterprises are bearing the duty.

The Senecas stopped payments that are making a year ago. A sum that was then distributed between Albany, Buffalo, Niagara Falls and Salamanca, in exchange for the tribe’s exclusive right offer casino gaming in those cities under the terms of a 2002 compact, they were expected to contribute around $100 million a year to the state.

But the tribe stopped making payments over a 12 months ago. The 2002 agreement expired in 2016, but it was stipulated within that it would roll over for another seven years, provided there were no objections from either celebration.

‘Defying Law and Logic’

But the Senecas argue that there was no specific clause within the agreement that said revenue-share payments would continue beyond 2016.

The state has said there are ‘no legitimacy to these claims,’ therefore the tribe’s assertion it can ‘unilaterally end paying the state share while continuing to enjoy the benefits of this compact has no basis in the compact, law or logic.’

Later year that is last New York State declared the Seneca country become in violation of its compact and delivered a demand for legitimately binding arbitration, which, months later, has yet getting underway.

The Senecas are planning ‘a flowing, landscaped entry boulevard’ to the Niagara Resort & Casino with ‘extensive landscaping, sculpture features. within the meantime’

‘We have long seen our Niagara Territory, and this vantage point of Seneca Niagara in particular, as standing at the door that is front Niagara Falls,’ said Seneca country President Todd Gates said in a declaration. ‘As many more people visit our resort and discover and rediscover the wonders of Niagara, you want to make an impression that is immediate them.’

Niagara Falls into Disrepair

But the actual City of Niagara Falls a community of around 50,000 people that struggles to compete for an level that is economic its more popular Canadian namesake is scrambling to balance its spending plan without the money it once relied on as a host community. The town has high crime rates, while around 60 percent of residents government assistance that is receive.

Mayor Paul Dyster recently announced Niagara Falls was scaling back tasks such as road improvements through not enough funds and wouldn’t rule out raising fees.

Meanwhile, city councilman Chris Voccio told neighborhood radio station WBFO this week that while the Senecas landscape their entry boulevard, the council will have to create ‘some difficult decisions’ this budget season.

Kansas Horse Racing Revival Bill Dies in the Senate

A legislative push aimed at rebuilding Kansas’ defunct horse and dog racing companies has dropped at the fence that is first.

The Kansas Senate in Topeka missed a possibility to ‘right the incorrect,’ in the expressed terms of Senator Bruce Givens, whoever bill sought to regenerate the state’s extinct horseracing industry. (Image: Kansas Public Radio)

SB 427 sought to cut income tax rates for racetracks, which supporters argue have been therefore punitive that they will have killed off the once-thriving thoroughbred and quarter horseracing industry in the state.

Nevertheless the bill was narrowly defeated within the Senate by 20-17, as opposing lawmakers argued the measure would violate agreements that are existing the state and its four casino operators.

Despite its racing heritage, the quantity of racetracks operating today in Kansas is precisely zero. Its famous venues like Eureka Downs and Anthony Downs are shuttered, or within the case that is latter demolished. Horse breeders and owners are forced to travel to other states to compete in races.

Righting Wrongs

SB 427 would have slashed the 40 percent cut the racetracks paid towards the continuing state when they had been operational to 22 %, in line with the amount presently paid by Kansas’ four ‘state owned’ casinos.

‘It creates the ability to, just what I like to phone, right the incorrect. The wrong was when the Legislature raised the tax share from 22 % to 40 percent,’ the bill’s sponsor, Senator Bruce Givens (R-Eldorado), told the Senate, including that the bill was believed by him would produce 4,000 jobs.

Senate Minority Leader Anthony Hensley (D-Topeka) agreed. She said it would revive an industry that ‘really requires our help.’

‘We need to provide the racetracks a chance that is second’ she said.

‘Masochistic’ Litigation

But opponents cited a 2016 opinion from Kansas AG Derek Schmidt warning that the state’s casinos would file suit against likely hawaii for breach of contract and demand the reimbursement of millions in revenue-share payments since their establishment in 2008.

There exists a breach of contract. There’s no relevant question those agreements were meant to be punitive,’ said Sen. Ty Masterson, R-Andover. ‘It’s just like we’ve a desire that is masochistic protracted litigation. I don’t understand what we’re doing.’

The Kansas casino sector is nominally ‘state-owned’ nevertheless the known fact that 1xbet mobi the casinos would sue the state to protect their passions illustrates the reality they are anything but.

The bill attempted to handle this issue by allowing racetrack owners to submit a letter of credit promising to repay the casinos. Racetrack owners would be refunded by then the state, which may return 50 % of the racetracks’ revenue-share re payments until they certainly were quits.

But also for Senator Vicki Schmidt (R-Topeka), this ended up being too convoluted and the risk too high. She demanded to learn why the Senate would gamble on undermining a casino sector that had paid $513 million to state coffers over the previous decade.

Nevada Gambling Enterprises Top $1 Billion in March, Sportsbooks Set Basketball Handle Record

Nevada gambling enterprises collectively won a lot more than $1 billion in March, which marks the industry’s third month that is consecutive the celebratory threshold.

Fans once again packed the Westgate’s Overseas Theater for March Madness, as sportsbooks around the continuing state helped Nevada casinos again win over $1 billion. (Image: Chase Stevens/Las Vegas Review-Journal)

Statewide, gross video gaming revenue (GGR) totaled $1.024 billion, a 3.4 percent premium on March 2017. Casinos are now 2.85 percent in front of where they were this time year that is last the first 90 days in 2018.

The Strip ended up being chiefly responsible for the revenue surge, as GGR came in 9.1 percent higher at nearly $574 million. Baccarat was the force that is driving as casinos won $114.8 million up for grabs game at a 14 percent win rate.

Penny slots accounted for the lion’s share of GGR statewide, with the machines winning $283.3 million. Baccarat was next at $117.2 million, then blackjack ($95.2 million), craps and sports operations (both at $34.1 million), and roulette ($29 million).

Nevada Gaming Control Board Senior Research Analyst Michael Lawton pointed away that January, February, and March’s $1 billion hauls are the first time since 2008 that Silver State casinos have actually surpassed the 10-digit plateau in three consecutive months.

March 2018 benefited from an extra saturday in comparison to the thirty days in 2017. While gaming had been strong, the Las Vegas Convention and Visitors Authority (LVCVA) reported that visitor volume totaled 3.75 million, a nearly one percent drop.

Sportsbooks Prosper

Combined with the March that is healthy gaming includes revenues from sportsbook operations. And last month, oddsmakers scored a slam dunk on baseball.

A record $436.5 million was bet on the sport, the most coming on university’s NCAA March Madness. Sportsbooks reported a rate that is win of percent, meaning hoops generated significantly more than $38 million for the home.

While the $436.5 million handle is a new high for basketball, oddsmakers actually won eight percent less compared to March 2017 once they won over $41.2 million for a 9.6 percent win rate.

March 2018 was the seventh straight March that posted a record that is new for baseball, because the appeal of gambling on the NCAA men’s basketball competition continues to increase.

Viva Strip

Perhaps the best news into the release is that Strip revenues have actually reversed course after four consecutive monthly declines following the October 1 massacre. Strong baccarat play suggests that site visitors from Asian countries are returning to Las Vegas.

GGR along the Strip reduced from October through January. a primary financial concern was determining how long Asian visitors, that are critical to your main drag, would stay away.

Caesars CEO Mark Frissora stated in that ‘people in Asia are particularly respectful of the deaths,’ and included regarding a mourning period, ‘I’ve heard that it’s sometimes a time period of three, four months. october’

Baccarat, the most popular game among tourists from Asian countries, saw win amounts fall in each of the four months, the largest arriving December when the table game’s revenues retracted 30 percent.

But Frissora being told the mourning period would endure as much as four months seems accurate, as baccarat play has published big gains in February and March (respectively 83 percent and 115 per cent). Year to date, GGR in the Strip is up 3.3 percent.